Puffpaw completes a $6 million seed round financing, led by Lemniscap Ventures

Puffpaw announced the completion of a $6 million seed round of financing, led by Lemniscap Ventures. The Puffpaw project plans to launch a blockchain-enabled electronic cigarette aimed at helping users reduce nicotine intake through token incentives. The project encourages users to quit smoking by recording their smoking habits and rewarding tokens. Puffpaw's token economy aims to cover 30% of the cost for users in the first month of using their product and provide social rewards. The project also considers possible system abuse behavior, but the issue of users potentially dishonestly reporting smoking habits is not yet clear. (CoinDesk)